Company offers common shares at $0.10 each to fund product development
By Devika Patel
Knoxville, Tenn., Nov. 27- Orion Financial Group Inc. plans a $4 million initial public offering of stock, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission.
The company will sell 40 million common shares at $0.10 per share on a self-underwritten basis.
Proceeds will be used for product development and general working capital purposes.
The emerging growth company is based in San Jose, Calif.
| Issuer: | Orion Financial Group Inc.
|
| Issue: | Common shares
|
| Amount: | $4 million
|
| Shares: | 40 million
|
| Price: | $0.10
|
| Warrants: | No
|
| Pricing date: | Nov. 27
|
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